Drewry says shippers in for 'choppy ride' in 2013

Supply Chain

Friday, March 01, 2013

Drewry Supply Chain Advisors is forecasting a modest increase of 4 percent in average global freight rates in 2013, with variations between different routes. "We expect freight rate volatility to continue as carriers grapple with increasing overcapacity and resort to their preferred short-term measures of sailing suspensions and frequent GRIs (general rate increases). Importers and exporters should prepare themselves for a choppy ride through 2013," the London-based company said. ...

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